The world’s largest oil importer, China, will continue to have a significant impact on the oil market in the coming months, as most of the rest of the world continues to battle a second coronavirus wave that has stalled the already fragile global oil demand recovery. China is likely importing now the last of the cheap crude its refiners snapped up in the spring when it took advantage of the lowest crude oil prices in nearly two decades. With the last of the delayed cargoes likely to discharge and clear customs in October, the market now looks with apprehension at signs about China’s oil-importing policies for the rest of the year, seeking signs of how much the ‘normal levels’ of crude imports could be. That’s one of the known unknowns for the oil market and oil prices going forward, alongside some volatility in prices around the U.S. presidential election […]